Boiler & Machinery / Equipment Breakdown Insurance

This coverage is a form of property insurance that protects against the mechanical breakdown and failure of boilers and other heating and cooling devices, machinery, and electrical apparatuses in a building. Most machinery and equipment, including electronic devices, can also be covered.

Boiler & Machinery Breakdown Insurance Coverage Includes

Boiler & Machinery Coverage (also known as Equipment Breakdown coverage) has several parts:

Damage to covered items from an accident

Damage to the other property of the insured caused by an accident to the covered items,

Legal expenses incurred for defense against a claim or suit alleging liability under the policy

Loss of income due to damage to the items covered and/or damage to other insured property

Examples Of Losses Covered

A crack develops upon the start-up of an aluminum extruding press for a metalworking operation, halting production for 30 days. The total property and business income loss totals almost $1 million dollars.

A voltage spike from a utility supplier causes severe electrical damage to a facility’s main transformer. The cost for the transformer replacement, as well as temporary rental of a transformer, exceeds $400,000.

A high-rise apartment complex is heated by a large steam boiler. A safety relief valve fails and creates excessive pressure, causing an explosion. The cost of the boiler replacement, and surrounding building damage, totals $500,000.

Who Needs Equipment Breakdown Insurance?

This type of policy is designed with many industries in mind, including:

Commercial and Residential Real Estate Owners / Property Managers

Communications and Broadcasting

Electronics

Food Processing

Hospitals and Nursing Homes

Hotels and Motels

Light Metalworkers

Manufacturing

Museums and Cultural Institutions

Publishing

Schools and Universities

Brunswick Advantage

Brunswick Companies offers Boiler and Machinery/Equipment Breakdown insurance policies from a wide range of top ranked carriers. With over 35 years of commercial experience, we have the know-how and industry contacts to match your needs with the plan that best suits your risk management and financial goals.